What are the 3 stages of an audit?
Where are you getting 3 from?
It could mean planning/performance/completion
Or interim/year end/final
Sorry, i am asking my question here but my question related to this topic- If year end is 31st December,2005 When would be Interim audit, year end audit and final audit?
See page 49 of the notes.
“interim” means in the intervening period – so any audit work done during the year will be carried out an one or more interim audits before the year end.
“year end” is exactly that – so attending inventory counts/counting cash/inspecting assets on the reporting date.
Final is after the reporting date.
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